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The company’s coal offtake for May 2024 was 68.2 million tones, up by 7.2% from 63.7 million tones in May 2023.
For the period April 2024 – May 2024, CIL’s coal production and offtake was 126.2 million tones (up 7.4% YoY) and 125.9 million tones (up 125.9% YoY), respectively.
Coal India is a coal mining company engaged in the production and sale of coal. As of 31 March 2024, the Government of India held 63.13% stake in the company.
The company reported 25.8% rise in consolidated net profit to Rs 8,640 crore in Q4 FY24 from Rs 6,869 crore in Q4 FY23. Net sales, however, declined 3% to Rs 34,263.89 crore in the fourth quarter from Rs 35,161.44 crore recorded in the same period last year.
The scrip rose 1.82% to end at Rs 491.25 on the BSE on Friday.
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